EB Watch List Update Report
Dear Members:
MARKET NOTE:
Turkey week is here and the market is already off to a positive start. Tech stocks in particular are in favor today as the holiday shortened week gets under way. It's helping so oil is higher so far with the energy sector one of the leading sectors today. And right now the VIX is below all key technical levels as traders are more at ease. The S&P is struggling to clear the important level of 2100. It's a level the bulls know they need to clear to have any shot at challenging the all time high. On the NASDAQ the next level of resistance is around the 5150 level. A close above 5147 would be bullish. We're now in a very bullish historical period of the year. So if the S&P can clear that 2100 level it would set the stage for higher prices.
KEY EARNINGS REPORTS
Companies reporting earnings today (November 23) include:
BRD and TSN
Companies reporting earnings tomorrow (November 24) include:
ADI, CPB, CHS, CBRL, DLTR, DSW, EV, GES, HRL, HPQ and TIF
ADDITIONS TO WATCH LISTS:
As a reminder, we recently added over 30 new stocks to our Candidate Tracker.
Friday we added INVN to our Watch list and all important information has been added under the Watch List section on our site.
There are no other addition today.
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
Large Cap Watch List
BSX - Stock is up slightly and a close above $18.01 would be bullish.
NKE - Stock is flat after the strong move up on Friday and a close above $133.21 would be very bullish.
FLEX - Stock continues to challenge its 20 day moving average and a close above $11.27 would be bullish.
Mid Cap Watch List
EEFT - Stock continues to try to clear its 20 day moving average and a close above $78.34 would be bullish
WYN - Stock is up slightly and a close above $77.19 would be bullish.
Small Cap Watch List
INVN - Stock is fairly flat and with the next key level of resistance at $11.46.
SWHC - Stock is up over 1% and a close above above $18.17 would be bullish.
DELETIONS FROM OUR WATCH LISTS:
There are no deletions from the Watch List today unless a Watch List stock closes below the stop loss provided.
At your service,
John Hopkins, EarningsBeats